Due to the current crises and the unforeseen events, companies should consider updating their current risk register to incorporate the risks associated with global financial, as well as health crises in addition to supply chain and strategic risks.
We assist clients in developing a comprehensive Risk Management practice to improve decision making in governance, strategy, objective setting, and day-to-day operations. This will help to enhance performance by more closely linking strategy and business objectives to both risk and opportunity.
- Establishing Risk Management Department
- Establishing Risk Committee
- Performing enterprise-wide risk assessment
- Outsourcing risk management services
- Developing/Updating risk registers
Our ERM services include:
- Identify internal and external risks associated with the entity business operations, including Credit
Risks, Operational Risks, Outsourcing Risks, and Liquidity Risks.
- Assess the risks identified based on the likelihood and impact.
- Prioritize the risks according to their significance to the entity's strategies, objectives, and operations.
- Identify the risk responses to mitigate
risks and keeping them within the acceptable levels.
- Develop the updated risk register for all
departments including all risks categories Credit, Operational, Outsourcing Risks, Liquidity, Strategic and
Economical Risks.
- Develop Risk Management Framework that
includes approving and monitoring policies, systems, and controls.
- Quarterly follow-up
with the risk management process within the entity.